First startups received funding from Poland Prize program
The Poland Prize accelerator run by Startup Hub Foundation in cooperation with PGNiG, has summarized the results of the first round. Three out of eight foreign startups got financial support and industrial consultancy which will be used to develop their innovative ideas in Poland.
Poland Prize is the first Polish program focused on attracting foreign startups. In the pilot edition, Polish Agency for Enterprise Development (PARP) chose six operators that proved to be most experienced in contacts with foreign startups. The operators are responsible for i.e.: scouting, assessment of commercial potential and project acceleration.
In the accelerator run by Startup Hub Foundation, eight startups applied for the financing in the first round. Innovators came from: Lithuania, Estonia, Ukraine, Hungary, Belarus, United Kingdom and USA. Three of them were selected to obtain financial support:
- Spottitt from Cambridge in United Kingdom – 1st place – PLN 90,000
The company is developing a system for visual analysis of satellite images that is automated by artificial intelligence. Data gathered that way is used in consultancy of wind and solar power plant placement as well as in monitoring of climate changes.
- Walter’s Cube from Budapest – 2nd place – PLN 60,000
The startup provides software which automatise the process of 3D model creation out of 2D images with the usage of all the information contained in original material.
- Dicsoperi from Madrid (natively form Kiev) – 3rd place – PLN 30,000
The company is working on a blockchain-based service that is used in automotive industry to improve drivers’ safety and to monetize data gathered passively during driving a car.
According to the program’s schedule there are two more rounds planned. 16 additional startups will be chosen to compete for funding. The accelerator is looking primarily for enterprises focused on energetics and ICT.
Find out more about the Poland Prize powered by Startup Hub Poland and other accelerators of Poland Prize:
- Poland Prize powered by Brinc;
- Poland Prize powered by Huge Thing;
- Poland Prize powered by Space3ac;
- Poland Prize powered by Ad Ventures;
- Poland Prize powered by Starter.
Each of foreign groups that meets all the requirements indicated by an accelerator and receive an invitation to participate in the program will get an adequate industrial consultancy and a chance to get up to PLN 250,000 in funding. The goal of Poland Prize is to cover also other areas of logistics related to moving a startup to Poland including full administrational support connected to residency in the country and establishing a company, or finding networking possibilities from Polish private sector.
